Financial-services firm The Bancorp Inc. has hired two new vice presidents to help expand its small-business lending to the funeral-home, self-storage and senior-living industries. Teresa Carlson and Kelly Isley join the company with significant experience in Small Business Administration (SBA) loans, according to a press release.
Carlson will serve as vice president, SBA business development officer, focusing on the funeral-home industry as well as general small businesses nationwide. She brings more than 24 years of experience in SBA lending to the position. She previously served in the same capacity for Mission Valley Bank.
Isley will serve as vice president, SBA new markets. In this role, she’ll work with the bank’s small-business lenders to expand market share into a broader range of industries. She has more than 17 years of financial-services experience including SBA expertise, the release stated. She previously served as chief operating officer for a national lender-service provider.
“This is an exciting time for The Bancorp,” said Jeff Nager, executive vice president, head of small-business lending. “Kelly and Teresa are key additions who will add greater depth and expertise to our team as we take our first steps into expanding our offerings across new markets.”
The Bancorp specializes in providing private-label banking and technology solutions to non-bank companies ranging from startups to Fortune 500 enterprises. The company has traditionally focused on health-benefit banking, institutional banking, payments and specialized lending. Its subsidiary, The Bancorp Bank, is a merchant-sponsor bank, Automated Clearing House (ACH) originator and prepaid card issuer.